if we are in a new downtrend, bears will wait for a better reentry @ 1.3313 & finish a head & shoulders pattern. Dealers @ the same time will gathering bear stops as the mushrooms after reaching 3313 short with target 2890!
Comments
Nickmail
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Nickmail
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now it reach 2880 & i am not sure that this is downtrend!
Nickmail
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nice manual correction to clear all bearish divergences
Nickmail
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15/03/2013 banks must return LTRO credits on the next week! buy euro
Nickmail
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do not expect downgrading of Italy by Fitch
Nickmail
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after that i do not except eur highs
Nickmail
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DanV thanks for coments! I am expecting this move like a dead cat bounce. All we know what will happened at the end of march with this automatic sh*t in USA & thats why i expect automatic short on all pairs with a dollar rising
Nickmail
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Sequestr =short evrithing, buy buks
DanV
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Whilst it is possible. I am not sure about the H&S as there are several on the monthly there is another inverted H&S which will be triggered above the last high 1.37 so which one will play out in the end is not very clear.